As digitization continues to be more common than ever, IRS launched a new feature for the IRS Online Account to improve and facilitate better services for taxpayers.
How the IRS Processed Power Of Attorney Forms In The Past
Until recently taxpayers could not connect online with their tax professional for approving the power of attorney or tax information authorization. The taxpayers and the tax professionals had to physically sign Form 2848 – Power of attorney and/or Form 8821 – Tax information authorization. Then the tax professionals had to submit the form(s) to the IRS either through their e-Services account or fax it to the IRS to get the requested information.
We Can Now Submit The IRS Power Of Attorney Form Online
This new IRS feature reduces the time in which your tax professional can get access to the requested information from weeks to a couple of days.
You, the individual taxpayer will now be able to connect with your tax professional by opening an online account on the IRS website. You can click here to access the IRS website and start creating your IRS Online Account. Your identity as a taxpayer will be verified during the login process and would then enable you to see in your online account the authorizations requested by your tax professional. You can verify and approve these authorization requests by simply checking a box as your signature for approval.
This IRS online account would not only let you access your tax records, but you will also be able to make a payment, check the status of your economic stimulus payments and see key information from your recent tax return.
There Are Instances When You Cannot Submit Online the IRS Power Of Attorney Form
Unfortunately, for those of you who cannot validate their identities for opening an online account, you will not be able to take advantage of this newly introduced feature.
The same applies for businesses or other entities. This online process is only available for individual taxpayers.
If you need help with your taxes, give us a call or schedule an appointment.
This material is for informational purposes only. It does not constitute tax, legal or accounting advice.